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What is the cash flow to the creditors for 2018? Owens Company 2018 Income Statement Net sales 90,000.00 Cost of goods sold 55,800.00 Selling, general,

What is the cash flow to the creditors for 2018?

Owens Company

2018 Income Statement

Net sales

90,000.00

Cost of goods sold

55,800.00

Selling, general, and administrative expenses

4,500.00

Depreciation

6,300.00

Earnings before interest and taxes

23,400.00

Interest

2,484.00

Pretax income

20,916.00

Taxes

5229.00

Net income

15,687.00

Owens Company

2017 and 2018 Balance Sheets

2017

2018

2017

2018

Cash

9,000

9,900

Accounts payable

15,120

16,632

Accounts receivable

7,200

7,920

Accrued expenses

6,480

7,128

Inventory

10,800

11,880

Current liabilities

21,600

23,760

Current assets

27,000

29,700

Long-term debt

43,200

49,680

Net fixed assets

81,000

94,500

Owners' equity

43,200

50,760

Total assets

108,000

124,200

Total liabilities and equity

108,000

124,200

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